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Analysis: Things are flat in the Permian, and there's a push for renewables in Santa Fe by Dr. Daniel Fine

The Permian-Delaware Basin rig count should start falling as oil operators, large and small, are flat for 2019. Spending has been sharply reduced as supply now dominates the A.I. (Artificial Intelligence) used by many commodity traders in oil.    The large or integrated oil companies have all the ...

Will Fine


Posted 16 days agoOpinion > Santa Felatest oil and gas newsNew Mexico +69

Your Weekly Update: 21 - 25 January 2019

The RAPID refinery – part of a larger plan to turn the Pengerang district in southern Johor into an oil refining and storage hub capitalising on linkages with Singapore – received its first cargo of crude oil for testing in September 2018. It guaranteed a stable supply of crude for Petronas; and ...

Hui Shan


Posted 21 days agoLink > Oilgasoil gas companies +4

Your Weekly Update: 7 - 11 January 2019

At some point in 2019, crude production in Venezuela will dip below the 1 mmb/d level. PDVSA – once an oil industry crown jewel – has been hammered, from its cargoes being seized by ConocoPhillips for debts owed to the loss of the Curacao refinery and its prized Citgo refineries in the US. But w ...

Hui Shan


Posted 1 month agoLink > Oiloil and gas companiesOil and Gas Industry +2

Reactions to Delaware Basin News Shows Misunderstanding of Petroleum Economics by Dr. Daniel Fine

News of the size of oil reserves in the Delaware Basin (New Mexico's share of the Permian) while OPEC was deciding how many barrels it will cut from the world market to lift prices caused epic confusion – and revelations of how little “authorities” and the media understand petroleum economics. The ...

Will Fine


Posted 1 month agoOpinion > OPECNon-OPECNOPEC +91

Analysis: Trump and Saudi Collision on Oil, and Bingaman’s Return to Santa Fe

In an earlier column, readers overseas benefited from this writer's forecast that crude oil prices would fall dramatically because most commodity traders got it wrong. Simply, this column's analysis was the buying of oil assumed a shortage would result once the sanctions against Iran would be activ ...

Will Fine


Posted 2 months agoOpinion > Senator BingamanBingamanSanta Fe +71